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U.N. Says Latin America to Grow 2.2% in 2014

Forecast Is Down From Earlier 2.7% Growth Estimate; China Demand Called Region's Main Risk

By

Robert Kozak

Aug. 4, 2014 2:37 p.m. ET

LIMA, Peru—The United Nations' Economic Commission for Latin America and the Caribbean estimates that the region's economy will expand 2.2% this year, a sharp decline from a previous forecast of 2.7%.

The projection is based on weaker external demand, less dynamic domestic demand, lagging investments, and limited room for putting in place policies to boost growth, according to the U.N. agency, known as Eclac. Growth has trended lower...